FirstCash Holdings, Inc. $FCFS Shares Acquired by Sendero Wealth Management LLC

Sendero Wealth Management LLC boosted its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 1.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,580 shares of the company’s stock after acquiring an additional 88 shares during the period. Sendero Wealth Management LLC’s holdings in FirstCash were worth $1,024,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in FCFS. CX Institutional increased its holdings in shares of FirstCash by 24.7% in the 2nd quarter. CX Institutional now owns 434 shares of the company’s stock valued at $59,000 after acquiring an additional 86 shares during the period. Xponance Inc. increased its stake in FirstCash by 1.6% in the first quarter. Xponance Inc. now owns 5,552 shares of the company’s stock valued at $668,000 after purchasing an additional 87 shares during the period. MBM Wealth Consultants LLC raised its holdings in shares of FirstCash by 1.6% in the first quarter. MBM Wealth Consultants LLC now owns 5,757 shares of the company’s stock valued at $693,000 after buying an additional 90 shares during the last quarter. State of Michigan Retirement System raised its holdings in shares of FirstCash by 1.1% in the first quarter. State of Michigan Retirement System now owns 9,315 shares of the company’s stock valued at $1,121,000 after buying an additional 100 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in shares of FirstCash by 0.9% during the first quarter. Louisiana State Employees Retirement System now owns 10,900 shares of the company’s stock worth $1,311,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on FCFS shares. Weiss Ratings reissued a “buy (b)” rating on shares of FirstCash in a report on Saturday, September 27th. Capital One Financial set a $160.00 price objective on shares of FirstCash in a research report on Tuesday, August 5th. Jefferies Financial Group raised shares of FirstCash to a “strong-buy” rating in a research note on Monday, August 18th. Canaccord Genuity Group initiated coverage on shares of FirstCash in a research note on Tuesday, September 30th. They issued a “buy” rating and a $200.00 target price for the company. Finally, Loop Capital downgraded shares of FirstCash from a “buy” rating to a “hold” rating and set a $145.00 target price on the stock. in a report on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, FirstCash currently has a consensus rating of “Buy” and a consensus price target of $154.40.

Insiders Place Their Bets

In other FirstCash news, Director James H. Graves sold 6,000 shares of FirstCash stock in a transaction on Monday, August 4th. The shares were sold at an average price of $134.56, for a total value of $807,360.00. Following the completion of the transaction, the director owned 15,846 shares of the company’s stock, valued at $2,132,237.76. The trade was a 27.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO R Douglas Orr sold 3,000 shares of FirstCash stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $148.41, for a total transaction of $445,230.00. Following the completion of the transaction, the chief financial officer directly owned 97,567 shares of the company’s stock, valued at $14,479,918.47. This trade represents a 2.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 111,500 shares of company stock valued at $15,493,610 in the last quarter. Insiders own 14.77% of the company’s stock.

FirstCash Stock Up 1.8%

Shares of FirstCash stock opened at $151.79 on Monday. FirstCash Holdings, Inc. has a twelve month low of $100.24 and a twelve month high of $158.93. The stock has a market cap of $6.73 billion, a price-to-earnings ratio of 23.32 and a beta of 0.69. The company has a current ratio of 4.21, a quick ratio of 3.12 and a debt-to-equity ratio of 0.79. The company has a fifty day moving average price of $143.44 and a 200 day moving average price of $133.35.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings data on Thursday, July 24th. The company reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.13. FirstCash had a net margin of 8.61% and a return on equity of 16.63%. The company had revenue of $830.62 million for the quarter, compared to analyst estimates of $820.42 million. During the same quarter last year, the firm posted $1.37 earnings per share. The business’s quarterly revenue was up .0% on a year-over-year basis. Equities research analysts forecast that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current fiscal year.

FirstCash Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.68 dividend on an annualized basis and a yield of 1.1%. This is a boost from FirstCash’s previous quarterly dividend of $0.38. FirstCash’s dividend payout ratio (DPR) is 25.81%.

FirstCash Profile

FirstCash Holdings, Inc, together with its subsidiaries, operates retail pawn stores in the United States, Mexico, and rest of Latin America. The company operates in three segments: U.S. Pawn, Latin America Pawn, and Retail POS Payment Solutions segments. Its pawn stores lend money on the collateral of pledged personal property, including jewelry, electronics, tools, appliances, sporting goods, and musical instruments; and retails merchandise acquired through collateral forfeitures on forfeited pawn loans and over-the-counter purchases of merchandise directly from customers.